Durables Excluding Defense (MoM) For July 10.3% Vs 10.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The report on durable goods excluding defense for July shows a slight decrease to 10.3% from the previous 10.4%. This minor change may indicate a stable economic environment with no significant impact on the market.
September 04, 2024 | 2:00 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see minimal impact from the slight decrease in durable goods excluding defense, as the change is minor and suggests stability in economic conditions.
The SPY ETF, which tracks the S&P 500, is unlikely to be significantly affected by the slight decrease in durable goods excluding defense. The change from 10.4% to 10.3% is minor, indicating stable economic conditions without major market disruptions.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50